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BUILDING MOMENTUM FOR SMALL BUSINESS

SBA Loans and Lines of Credit to help your business grow.

Contact A Lender

SBA FINANCING

First Midwest Bank offers our lending expertise to small businesses with SBA Express, SBA 504 and SBA 7(a) Loan Programs.1 Whether you need capital for purchasing equipment, expanding, or modernizing we can help.

  • SBA EXPRESS REVOLVING LINE OF CREDIT

    Borrow up to $350,000 to support your working capital needs.

  • SBA EXPRESS TERM LOAN

    Borrow up to $350,000.

SBA 504 Loans

SBA 504 loans can be applied to land and building purchases, existing building and lot improvements, new construction, long-term equipment purchases and more.

Business Benefits

  • Loan amounts up to $10 million to finance equipment or real estate purchases
  • 90% financing, 10% down payment
  • Longer loan amortizations
  • Longer-term fixed rate options
  • Savings that result in improved cash flow for small businesses

Terms

  • Real Estate
    •  Up to 25 years (Bank Loan)
    • Up to 20 years (CDC/SBA Debenture)
  • Machinery and Equipment
    • Up to 10 years (Bank Loan)

SBA 7(A) LOAN PROGRAM

The SBA 7(a) Loan Program is the primary term loan option offered by the SBA. Borrow up to $5 million for  flexible business financing for many purposes, including working capital, revolving funds, equipment purchases, or refinancing of existing debt.2

Building Momentum for Small Business

Our SBA Loan Programs are designed to help businesses obtain flexible, long-term financing.

A First Midwest Small Business Lender will review program requirements to determine eligibility and guide you through your options.

Let's Talk Today!

1 Subject to credit approval. Property insurance required for all loans secured by property. Rates are subject to change daily. Contact your First Midwest Banker for our current rates.

2 Additional rates and fees apply depending program selected.